So according to investopedia (https://www.investopedia.com/university/charts/charts4.asp) a target price from a breakout of a double top pattern should be the height of the pattern subtracted from the breakout point.
Which gives us a somewhat worrying target price of 1.7c.
This seems a little extreme to me and I anticipate another drop today following by a slight rebound to settle on the 2.9 / 3.0c level. Which is pretty much total guesswork as I have no more info to go on.
Good luck all!
So according to investopedia...
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Last
5.7¢ |
Change
-0.002(3.39%) |
Mkt cap ! $409.9M | |||
| Open | High | Low | Value | Volume |
| 6.0¢ | 6.1¢ | 5.5¢ | $2.026M | 35.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 382322 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 961848 | 14 |
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| Last trade - 14.11pm 24/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |